Bonds Analysis & Opinion

Run for the ExitsEarly on Thursday morning, realizing this was going to be a robust selloff in equities, the ‘smart money’, i.e., the big banks, investments banks, hedge funds and the...

The strong positive momentum in High Yield credits year-to-date was again evidenced last week. The iTraxx Crossover tightened by some 4bp on the back of ECB publication of QE details and strong equity...

Weekly CFTC COT Net Speculator Report | 10-Year US Treasury Note CFTC Futures data shows speculators pushed net bearish positions to highest since January10 Year Treasuries: Large 10-year Treasury...

The 2/27 WSJ reported that after Fed Chair Janet Yellen’s congressional testimony on February 24 and 25, Fed “officials fanned out to drive home the message that they are likely to start...

The above chart looks at the yield on the U.S. 10-Year note. The lower portion looks at the 5-week rate of change on yields.Rates have risen 33% in the past 5-weeks, which is one of the sharpest...

Municipal Bonds have had a very good run since June 2013. But with the pullback and sideways action in 2015 is that run over? I shared some thoughts from a longer perspective here last month but it...

The professional investors must profit by anticipating future trends and events rather than chasing old news. This is done by following the invisible hand or message of the market. That message, the...

Some central banks have cut interest rates into negative territory in an effort to eke out some economic growth, but the step could spur unintended, counterproductive outcomes.“Negative rates...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note CFTC Futures data shows speculators added to their overall bearish positions10 Year Treasuries: Large US 10 Year T-Note futures traders...

The Italian 10-Year government bond yield continues to drop and has now moved down so much that the spread to the German 10-Year bond yield has fallen below 100bp. It is the first time this has...

There has been negative sentiment in the Swedish fixed income market for the past couple of weeks. Ten-year govvies have jumped around 15bp and underperformed both German and U.S. Treasuries. Our...

(ARCA:TLT) hit long-term resistance (red line) of late and quickly declined around 10%. TLT has rallied a small percentage the past 10-days, taking to the underside of a 6-month rising channel.This...

A retest of the breakout, the point where price jumped the creek, has generated at least a pause in the bull phase (positive to negative DI oscillation). Bull phases are defined as DI DI2s. When DI...

Last week added a more than EUR11bn of supply across senior and subordinated notes in the EUR primary market. We saw multiple times oversubscribed order books, issues with very low coupons and very...